A major drone attack on two Saudi Arabian oil facilities last week spooked markets across the globe. The attack set off huge fires that disrupted over half of the kingdom’s oil supply. It became the single biggest oil supply disruption in history, topping the production hit caused by the Iranian Revolution in 1979 and Iraq’s invasion of Kuwait in 1990. With oil supplies taking a hit and tensions escalating in the region, repercussions are going to be felt in India too.
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Valuation swell prompts large balanced advantage funds to lower sails
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